Company Formation in Dubai

Starting a business in Dubai attracts many French entrepreneurs due to its tax advantages, strategic location and business-friendly environment.

This comprehensive guide will help you understand the different legal structures available, the associated benefits, and the steps required to establish your company in Dubai.

Why Start a Business in Dubai?

Dubai offers a highly favorable environment for business growth

Tax Advantages

Dubai provides an attractive tax framework for entrepreneurs. Companies benefit from exemptions on corporate and personal income taxes. In addition, there are no restrictions on capital and profit repatriation, allowing for effective tax optimization.

Strategic Location

Located at the crossroads of Europe, Asia, and Africa, Dubai offers privileged access to a market of over 2 billion people. Its world-class transport infrastructure facilitates import and export operations, opening up vast business opportunities.

Business-Friendly Environment

Dubai is known for its streamlined administrative procedures, transparent regulations, and minimal bureaucracy. The government has introduced incentives to attract foreign investment and support entrepreneurial initiatives.

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Steps to Start a Company in Dubai

There are 8 steps to form a company in Dubai

To simplify this process, it is recommended to seek advice from specialized consulting firms that can guide you through each step.

Different Legal Structures in Dubai

Depending on your business objectives, several types of legal structures are available

Free Zone Company

Free zones in Dubai are geographical areas offering tax advantages to attract investment.
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Companies established in a free zone benefit from 100% ownership of capital, a 15-year corporate tax exemption, and simplified import and export procedures.

However, these companies generally cannot conduct commercial activities directly in the local UAE market without going through a distributor or a local agent.

Mainland Company

Mainland companies allow free operation across the United Arab Emirates.

Traditionally, a local Emirati partner was required to hold 51% of the capital.
However, recent reforms now allow foreigners to own 100% of the capital in certain sectors.

This structure offers greater flexibility for local business activities.

Offshore Company

Offshore companies are primarily used for international activities, such as asset management, holding stakes, or international trade operations.

They benefit from favorable taxation but cannot conduct commercial activities within the United Arab Emirates.

Timeline for Company Formation

The time required to set up a business in Dubai depends on several factors, including the chosen legal structure, the complexity of the business, and how quickly the required documents are submitted

Generally, the process can take from a few days to several weeks. Careful preparation and a clear understanding of local requirements can accelerate the process.

Costs Associated with Company Formation in Dubai

The costs vary depending on the chosen legal structure, location, and type of business activity. They may include:

It is essential to establish a detailed budget to anticipate these costs and ensure proper financial planning.

Opening a Bank Account

Opening a bank account in Dubai is a crucial step for your business operations. Local banks typically require the following documents:

It is advisable to research the specific requirements of each bank and prepare the necessary documents in advance.

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What to do next?

Starting a company in Dubai offers many opportunities for entrepreneurs

By choosing the right structure and following the correct steps, you can take advantage of the unique benefits offered by this dynamic business environment.